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20121207
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Search Results 0 to 18 of about 19 (some duplicates have been removed)
the growth. rebound and former president bill clinton hitting the links. this is a photo from last year. what we don't know what was said teen them this year my guest homes the former president was critiquing more than just his successor's swing. art laffer was the top reagan economic adviser and you voted twice for bill clinton because his prosecutor mix of taxes. explain that? >>guest: yes i sure did. but for the raise hikes at top end, he cut taxes on the working people between ages of 65 and 72. he cut taxes on trade and products. he cut government spending as a share g.d.p. dramatically and he cut the capital gains tax rate and butt in welfare reform. what do you want from a president that bill clinton did not deliver? he was a great president. >>neil: the investment taxes was that concurrent with what was going on in the income tax hike front? >>guest: no. it was not. the capital gains tax reduction which he dropped the high of the race from 28 percent to 20 percent but what he really did that was amazing, he exempted owner occupied homes from ever paying capital gains taxes again, $250
clinton and the president bill clinton i think we met really don't know what they're doing. the vice president should be with the senate right now. that's whht he should be doing, not out shopping or campaigning. this is serious stuff. we are going t raise this year -- this is one thing tt is not being talked about. almost $3 trillion. that will be the most of this government in the history of the republic has ever taken in. $3 trillion. so why the current tax rate revenues increase? why would you go and raise tax rates on businesses and people who are trying to create jobs. most of those are small businesses. lou: and fitting into the top 2%, according toome etimates -- as he talked about the size of the revenue coming in, most of that from income tax, obviously. pple forget that we have seen revenue of the federal government rise by 26% over the past two years. with those bush tacuts in place. with that kind of increase in revenue, spending is without question the problem. >> yes, and to talk about raising taxes right now. at the same time, not talk about health care. we had a gues
other great second-term presidents like ronald reagan, bill clinton. when he gets out there and makes his case in the country, that reverberates back in the capital. i think it's the best way for him to move these members of congress. >> erick, the main people he has to talk to here quite frankly are congressional republicans. are they somehow going to be swayed after this last election that the president's got the right idea all of a sudden? it doesn't sound right. >> no, i don't think so. and to paul's point interestingly enough, i was struck during the debt ceiling debate that every time the president spoke inside washington or the white house, his poll numbers went down. when he got out of washington and went out into the crowd, his poll numbers would go up saying basically the same thing. so i do think it works for him with the crowd and with the public. but i'm not sure it's going to work with congressional republicans. >> erick, i have to ask you while we have you up there and you knew this was going to come up. there's been some talk about you running for senate in the state o
to get bill clinton's attention. because we weren't getting serious negotiations. somehow, after we proved how serious we were we negotiated. wented up passing welfare -- welfare reform, four consecutive balanced budgets we were able to work together because we had mutual respect. it is clear president obama has no respect for the congressional republicans. people -- it is not just a laughing party -- laughing matter. here's a guy with four more years as president and starting his second term with total contempt for the beam in charge of the u.s. house. they should indicate clearly not only are they not going to give in on the debt ceiling. he may have a hard time getting any money for anything out of the congress next year. at which point he's got a big problem running the government. >> sean: one power grab after another. harry reid proposing ending the filibuster so they can take control there. here's pro bowsing a blank cheque and gets to raise the debt ceiling at will obviously a lack of respect. i think the president who won't call let's say major hasan in fort hood terror or
surpluses that bill clinton left us, but because george w. bush went in front of the microphone and said, "i have political capital and i'm going to cut everybody's taxes," he then put two wars on the credit card and that was the end of the surpluses. we went into deficits, deficits as far as the eye could see. deeper and deeper in debt. so you might ask, then, "senator boxer, why are you now supporting those tax cuts being renewed for 98% of the people?" and the answer is, it's a different time and a different place. we're getting out of a recession and we can make up the moneys we need to balance this budget by going just to the top rate, going to the people over $250,000. remember, this plan that we passed in july -- if we could go back to that chart -- that gives a tax break on the first $250,000 of income. and, in essence, giving everybody a tax break on that first $250,000. it's only after that that the taxes go back to clinton era. and because this is a different time and place, i support giving a tax break, continuing it for 98%, but asking the wealthiest to pay their fair share for
capone. yes. he swindled al capone out of $5,000 of money. adjust that for inflation. to quote bill clinton, that takes a lot of brass. and a lot of smarts, which is something that our new con
that you had when bill clinton was president. and i would like to remind everybody, we had the greatest prosperity then when everyone paid their fair share. 23 million new jobs. and why is it? because the middle class had the money to spend out there, to stimulate this economy. it's a consumer-driven economy. about 70% of the economy is consumer driven. and the other thing the president put on the table, i understand, is refinancing proposal. >> right. >> where people trapped in 7%, 8% mortgages can go down to 4% and 5% mortgages have money in their pocket. these are responsible homeowners to spend out there. so the republicans, i think they're brooding. i think they're upset. i think they're in shock over this election. and they are behaving badly in this sense. we can join hands and take care of the tax cuts for 98% of the american people. can you imagine if i told you, we were in an argument and i gave you 98% of what you want, wouldn't you grab it? this doesn't make any sense to the folks out there. and that's why the courageous republicans like tom cole deserve a lot of credit. but
's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he didn't do last time. starting with the unreasonable position, with what he wants rather than what he thinks he'll get which is a better bargaining position. he's going out and trying to get people to pick up the phone, take up, you know, twitter and facebook and tell congress we want to get this done. so he's doing a lot of the things from a negotiating standpoint that he didn't do last it time around, while still, you know, kind of queuing up the blame game as both sides are doing to make sure that other guy takes the fall if it doesn't work. >> and i think to eric's point, this is why you hear the bill crystals of the
jersey alone will spend almost $37 billion on rebuilding. michelle obama is competing with bill clinton for a grammy for best spoken word album. the first lady red the audio version of "american grown," the story of the white house garden. the former president narrated his book "back to work." those are a couple of things we thought you should knowment time for the news narc gut check. treasury he secretary tim geithner told cnbc yesterday that the obama administration is absolutely ready to go over the cliff if republicans refuse to raise tax rates on the wealthiest americans. take a look. >> when it comes to raising taxes on the wealthy, if republicans do not agree to that is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve the rates going up on the top 2% of the wealthy. >> orrin hatch called that one of the most stunning and irresponsible statements he's heard in some time. what does your gut tell you? do you support the obama administration's decision to go over the cliff? that does it for this edition
in philanthropy and he is politically powerful. bill clinton, number 50. no hillary clinton or not list. way down at number 65, below the colombian drug deale erdealer, . boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our list, one of the richest men in the world. >> and a quick thought on ilan musk -- we've heard his name but he doesn't get a lot of attention. why is he in the top 70? >> when you think about the entrepreneurial ethos that forbes tries to represent, the people, places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypal. here's a guy who's at the front of the tesla automobile. he's now moving cargo through spa
campaign between bill clinton and george h.w. bush and no one would have predicted that two two dedecades on they would pretty close friends working on projects together. sometimes it's still acrimonious between former competitors, but it this relationship could being akin to that clinton/bush relationship. >> so let's say he doesn't have any public role in the sense of in this administration. matt, what do you think, what does he do next? >> a lot of people are speculating sort of what he might did. it's hard to tell what mitt romney himself is thinking. right now he's enjoying kicking back. you saw photos of him pumping gas, not a generous photo by any stretch, but other photos of him riding roller coasters at disneyland. next who knows. but he is having an office and the office is in boston. so there have been speculation right after the election that he may sort of relocate for all intents and purposes to the west coast and to his house out there. so it does seem like he'll keep his ties in boston at least. >> good to see you gentlemen. thank you. >>> today's tweet of the day mixes po
in the '90s with billi bill clinton. listen to what he says about the fiscal cliff? >> i think no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two. the president has staked out a position of nonseriousness, i think it's difficult for the house republicans right now to find any practical way to get his attention. >> he's saying go over the cliff rather than accept what the president wants right now. >> i don't need to remind you this is the house speaker who shut down the government and that didn't work so well for the republicans. going over the cliff is something i don't think they want to do earlier. as i keep saying, wolf. the irony to me here is that the larger issues are things they really understand how to resolve, if you look at all their proposals. they just can't get there, because they can't agree on this revenue issue. where does the revenue come from. do you raise the rates on the wealthy? if you do, how much? and that's actually in the whole realm of things a sticking point that one would presume
, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced budget. we got it, we won the election and this president is putting politics ahead of everything. megyn: if republicans give president obama the tax rates on the rich what do they have to negotiate with? why would they do it? >> i think president obama has the winning hand. >> he does. >> i'm not sure in the long term -- if there is a recession, either there won't be a recession or there will and the republicans will get the blame. that's and high wire act to do at this point. it's very risky from this kind of elect to take this. he could get 85% of what he wanted -- >> he's also gambling on one thing. the republicans won't embrace bowlbowles-simpson and say we ha credible alternative. megyn: if they have the game of chicken and nobody blinks and we go off the cliff on january 1 how much time do we have before
Search Results 0 to 18 of about 19 (some duplicates have been removed)

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